Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Supermarket giant Tesco has announced plans to cut around 9,000 jobs from across its UK stores. In 90 of its stores the fish, meat and delicatessen counter service will be closed and in the remaining 700 stores these counters will be run on a part-time basis. Staff canteens will see hot food options removed as part of the overall cost cutting plan. Senior management roles are also set to go, with the company planning to move to ‘a simpler and leaner structure’. According to a spokesperson for the company, the restructuring is driven by the competitiveness of the labour market and the change in customers’ way of shopping.
Tesco has confirmed though that there are currently no plans to make any changes to its in store bakeries. Although 9,000 jobs will be affected, Tesco has said that it will look to redeploy staff where possible, and it is thought that around half of the affected staff could be redeployed. The timeframe for the cuts has yet to be reported.
Previous restructurings took place in June (500 jobs lost) and January (1,700 jobs lost, while 900 created) 2018.
Eurofound (2019), Tesco, Internal restructuring in United Kingdom, factsheet number 96677, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96677.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
